Dow plunges more than 700 points as Florida sees record jump in coronavirus cases

CNBC.com ^ | 6-24-20 | Fred Imbert, one other

[CincyRichieRich]

Stocks fell sharply on Wednesday as traders grew worried about the increasing number of newly confirmed coronavirus cases, which raised concern about the economic reopening and recovery.

The Dow Jones Industrial Average dropped 727 points, or 2.8%. The S&P 500 traded 2.8% lower while the Nasdaq Composite slid 2.6%. The tech-heavy Nasdaq was headed for its first daily decline in nine sessions.

The major averages hit their lows of the day after Florida said its confirmed cases jumped by 5,508 on Tuesday, a record, and now total 109,014. The state also said its positivity rate rose to 15.91% from 10.82%. Meanwhile, New York, New Jersey and Connecticut ordered visitors to quarantine for 14 days.

[dfwgator]

The one thing masks are accomplishing, is that people are discovering just how bad their breath really smells.

[FreedomPoster]

I think with going back to work there are companies requiring a clean test at some point.

[I want the USA back]

There is no way the media can know the reasons behind investors’ buy/sell decisions. They make it up.

[null and void]

Nice new tagline, thanks!

[null and void]

Looked to me as if a bat signal went out to Democrats to go get tested.

What was it Trump said about testing?

Like speculating about hydroxychloroquine, that's a rabid barking moon bat signal to the left!

[Political Junkie Too]

What are the hospitalization rates?

From June 18, WFLA 8 Tampa: Florida coronavirus: How many ICU beds are available in Tampa Bay?

But with Florida reporting a record number of new coronavirus cases, would there even be an ICU bed available for Mungo, should she need one?

“Statewide this has been something that’s been incredibly stable,” Gov. Ron DeSantis said.

Despite the alarming increase in cases, the governor said Tuesday the number of COVID-19 patients in intensive care units has dramatically dropped.

-PJ

[MeneMeneTekelUpharsin]

Boy did you get that one right. It has NOTHING to do with the news unless a major war starts, absolutely nothing...

[null and void]

Much truth on SMBC...

[pgyanke]

What are the hospitalization rates?

Hard to say for sure. I have a physician friend who says anyone going to the hospital for a procedure (like those procedures that were put off for months) gets tested. If they are positive, they are now in the hospital with COVID. Ta da! Hospitalizations on the rise...

[BipolarBob]

YW. I never know which one to take (the red pill or the blue pill) when confronted about the Matrix.

[cgbg]

There is no way the media can know the reasons behind investors’ buy/sell decisions. They make it up.

A large part of the trading is done by computer programs these days--and the computers aren't talking.... ;-)

[null and void]

One pill makes you larger, and one pill makes you small...

[BipolarBob]

I have a relative that NEEDS to go into hospice or a nursing home badly. They can’t because of . . .you guessed it Covid-19. Now they get to die at home prematurely and in pain. We live in interesting times.

[ladyjane]

I suspect they are intentionally testing many more so they can scare the public with these statistics.

I also suspect, admittedly with no evidence, Florida is being ‘salted’ with the virus - just like the bad guys did in Milan and in NYC.

They will also ‘salt’ every city that has a rally or the RNC convention. This is intentional.

[Codeflier]

So true.

[CFW]

Current stock market ups and downs has nothing to do with the virus. It has to do with the uncertainty of where we are going from here in regards to the mob rule and the burning of the cities.

[1Old Pro]

The virus is going to be around for a while. We simply have to live with it. Not shut down, not hide, not radically alter our lives. Be smart, keep your distance, wear a mask around old folks, live your life.

Kinda like the flu

[CincyRichieRich]

that was great!!!

[Irish Eyes]

Didn’t Dr Fauci testify yesterday? Stock market plummets today.

[woodbutcher1963]

I have a Trump 2020 mask. My wife gave me. Every time I wear it out, I get a compliment from someone. I am in NH. So, I take that as good sign of the silent majority.